Grocery market in the Philippines

The Philippine Grocery eCommerce market is predicted to reach US$1,806.6 million by 2024 and accounts for 9.9% of the total eCommerce market in the Philippines. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 27.6%, resulting in a projected market volume of US$4,789.6 million by 2028. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.

Market development

eCommerce revenue development in the Sweets & Chocolate market in the Philippines

The Philippine Sweets & Chocolate eCommerce market is predicted to reach US$67.3 million by 2024 and accounts for 16.8% of the Food Cupboard eCommerce market in the Philippines. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 18.7%, resulting in a projected market volume of US$133.8 million by 2028. The Sweets & Chocolate eCommerce market is a sub-market of the Food Cupboard market. Further categories within the Food Cupboard market are: Baking Supplies, Cereals, Noodles, Nuts & Dried Fruits, and Other Food Cupboard.

eCommerce revenue development in the Sweets & Chocolate market in the Philippines

in million US$

eCommerce revenue growth in the Sweets & Chocolate market in the Philippines

in %

Net eCommerce revenue split by sub-category

in %
2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 26.2 49.8 67.4 27.3 38.1 27.3 84.2 21.2

Online share

eCommerce online share of the total Sweets & Chocolate market in the Philippines

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Philippine Sweets & Chocolate retail market, the online share is 1.9% and will increase by an average of 6.9% to 2.5% by 2028.

eCommerce online share of the total Sweets & Chocolate market in the Philippines

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 6.1% 9.9% 59.1% 99.1% 16.2% 23.8% 47.9% 37.0%

Market definition

Definition of the Sweets & Chocolate market within the Grocery market

Market definition: Grocery > Food > Food Cupboard > Sweets & Chocolate The category Sweets & Chocolate includes the online trade of sweets (e.g. candies, marshmallows, cotton candy, caramel and toffee), chocolates (e.g. chocolate bars, chocolate bonbons, chocolate chips), cookies, and more. This category does not cover cakes and pastries, ice cream or jelly and jam. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Sweets (e.g. candies, marshmallows, cotton candy, caramel and toffee)
  • Chocolates (e.g. chocolate bars, chocolate bonbons, chocolate chips)
  • Cookies
  • Chewing gum

Out-of-scope

  • Cakes and pastries
  • Ice cream
  • Jelly and jam